NutriSystem (NTRI) Stock Jumping in After-Hours Trading Today on Earnings Beat
NEW YORK (TheStreet) -- Shares of NutriSystem Inc. (NTRI) - Get Report are higher by 9.91% to $18.85 in after-hours trading on Monday, following the company's 2014 fourth quarter earnings results which improved year-over-year and exceeded analysts' expectations.
For the most recent quarter the company, which provides home delivered meals designed to help you lose weight, said its earnings grew to 18 cents per share from 4 cents per share for the 2013 fourth quarter.
Analysts polled by FactSet were anticipating earnings of 16 cents per share for the quarter.
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NutriSystem said its sales for the latest quarter increased by 13% to $79.2 million versus the $69.9 million posted in the year ago period.
Sales for the quarter were short of the $80.4 million analysts had forecast.
For fiscal 2015 NutriSystem said it is expecting earnings to be between 73 cents to 83 cents per share, while analysts are looking for earnings of 80 cents per share for the year.
Separately, TheStreet Ratings team rates NUTRISYSTEM INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate NUTRISYSTEM INC (NTRI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: NTRI Ratings Report
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